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Gelion – red flags at Christmas; results argue “positions us well for the future” but contain a continuing cash burn “Going Concern” warning!

By Steve Moore | Friday 27 December 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Writing on Gelion (GELN), describing itself as an “innovative battery technologies” company, earlier this month I questioned how much really so its fundraise would help it drive forward its goal of integrating into global supply chains – concluding, also with attempted ‘no one watching’ results upcoming and a prospective above £25 million market cap, still avoid/sell. So now what of the results for its year ended 30th June 2024, headlined “A strong year in which Gelion delivered on all major set milestones while proactively managing costs”?

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